VERBUND and the Westfalen Group agree cooperation on the supply of hydrogen

Both sides have now signed a corresponding declaration of intent in Vienna. The intention is to supply the Austrian national subsidiary Westfalen Austria with green hydrogen from 2026. The climate-friendly energy carrier is manufactured at several sites in Austria by VERBUND. Westfalen plans to supply the hydrogen mainly to medium-sized companies in Austria and southern Germany.

“The agreement we have signed with VERBUND allows us to underscore our ambition to make green hydrogen comprehensively available to our customers,” emphasises Dr Thomas Perkmann, CEO of the Westfalen Group. “In this way, we can enable sustainable progress and do our part to decarbonise the economy.” The family company from Münster has over 40 years of experience in handling hydrogen. Alongside its own planned electrolysers, additional purchases should contribute to the establishment of sustainable energy sources at Westfalen as a key growth area.

Within the scope of the cooperation, the green hydrogen will be produced by VERBUND Green Hydrogen GmbH, a fully consolidated subsidiary of VERBUND AG belonging to the largest generators of electricity from hydrogen in Europe. 

For Michael Strugl, CEO of VERBUND AG, supplying hydrogen to Westfalen is an important strategic element for the engagement of VERBUND as a decarbonisation partner in medium-sized industry as well. “In addition to building up a comprehensive import portfolio, VERBUND Green Hydrogen GmbH is currently focusing on expanding local hydrogen production to supply our core markets. We are pleased to have found a partner in the Westfalen Group that has a distribution network for the direct supply of medium-sized industrial businesses – and thus delivers our hydrogen to the domestic economy.”

About Westfalen

100 years of expertise: the Westfalen Group operates in the areas of technical gases, cooling and heating, filling stations and mobility, as well as respiratory home therapy. Through its products and services, the company is increasingly offering solutions that help customers to become more sustainable. Indeed, hydrogen as an energy carriers is playing an important role in ever more areas. The family company founded in 1923 in Münster, Germany, is now represented in over 20 production locations in German, the Netherlands, Belgium, France, Switzerland and Austria with numerous subsidiaries and holdings. In financial year 2022, the group posted turnover of some 2.3 billion euros with approx. 2,000 employees. Further information at www.westfalen.com

Press contact:
Westfalen AG
Nicholas Neu
Tel: +49 (0) 251 695-725
Email: n.neu@westfalen.com

About VERBUND

VERBUND AG is Austria’s leading energy company and one of Europe’s largest generators of electricity from hydropower. The company generates around 98 percent of its electricity from renewables, primarily hydropower. VERBUND trades in electricity in 12 countries and achieved an annual turnover of approximately 2,266 million euros and an EBITDA of around 4,490 million euros in 2023 with around 3,800 employees. With its subsidiaries and partners, VERBUND is active in the segments of electricity generation, transport and international trade and distribution. VERBUND has been listed on the Vienna Stock Exchange since 1988, with 51% of the share capital held by the Republic of Austria. With its subsidiaries and partners, VERBUND is active in the segments of electricity generation, transport and international trade and distribution. VERBUND Green Hydrogen GmbH is a fully consolidated subsidiary of VERBUND AG. Further information at www.verbund.com

Press contact:
VERBUND AG
Ingun Metelko
Tel. +43 (0) 50313-53748
Email: ingun.metelko@verbund.com